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Mining & Metals

Bullion Gold Resources Raises $2 Million Via a Private Placement of Share Units

Bullion Gold Resources (BGD.V) on Wednesday it closed a non-brokered private placement of share units, raising proceeds of $2 million.The company said it placed 22.2-million units in the financing, with each priced at $0.09 and made up of a share and and one half of an 18-month warrant to buy a share for $0.15.Proceeds will be used to fund the validation drilling campaign at its Terragold project in Quebec, as well as related geological, technical and exploration activities.Shares of the company were last seen up $0.005 to $0.09 on the TSX Venture Exchange.

$BGD.V
Mining & Metals

Bullion Gold Resources Mobilizing a Field Team to Terragold Project; Upsizes Private Placement to $2 Million

Bullion Gold Resources (BGD.V) on Tuesday said a field team was mobilized to its flagship Terragold project in Quebec, within the Abitibi Greenstone Belt.The company also upsized a private placement of share units to up to $2 million from $1.5 million.The field team will prepare the ground for a drilling program expected to begin later this month."Following more than 40 years of inactivity, our recent compilation of historical data and completion of a comprehensive 3D geological model have provided a better understanding of the system and identified several high-priority targets," said Chief Executive Simon Britt. "The upcoming validation drilling program is designed not only to confirm historical high-grade gold intersections, but also to evaluate the full geochemical signature of the mineralized system, including elements associated with the quartz-feldspar porphyry and surrounding alteration zones that were not systematically analyzed during historical exploration programs."Shares of the company were last seen down $0.005 at $0.075 on the TSX Venture Exchange.Price: $0.08, Change: $-0.01, Percent Change: -6.25%

$BGD.V
Mining & Metals

Bullion Gold Resources Seeking $1.5 Million From a Private Placement of Share Units

Bullion Gold Resources (BGD.V) on Tuesday said it will raise up to $1.5 million in a private placement of share units.The company is seeking to place up to 16.67-million units priced at $0.09 and made up of a share and one half of an 18-month warrant to buy a share for $0.15.Proceeds will be used primarily to fund the validation drilling campaign at the Terragold project, together with related geological, technical and exploration activities, which are scheduled to begin in late June.The company's shares were last seen up $0.01 to $0.095 on the TSX Venture Exchange.Price: $0.10, Change: $+0.01, Percent Change: +11.76%

$BGD.V
Mining & Metals

Bullion Gold Resources Appoints Simon Britt As President And Chief Executive Officer

Bullion Gold Resources (BGD.V) Monday announced the appointment of Simon Britt as president and chief executive officer, effective immediately.The company said that Britt succeeds Guy Morissette, who has chosen to step down from the day-to-day management and administration of the company as part of a planned transition with the board of directors.The company also said that Morissette will "remain active" within Bullion as a strategic advisor and member of the Technical Committee.The company further said that Britt is a "seasoned executive" with over 25 years of experience in finance, capital markets, and project development in the natural resources and energy sectors.It added that, prior to joining Bullion, Britt held senior management positions with public and private mining companies and served as a strategic advisor to Indigenous organizations and companies in the mining and energy sectors."I thank Guy for his dedication and expertise in contributing to and developing Bullion's various mining projects," said Gilles Laverdiere, Chairman of the Board. "Simon's arrival marks a significant milestone for the Company. His strong financing expertise, strategic discipline, and ability to create value in complex environments will be major assets in accelerating the development of our projects."The company's shares were last seen unchanged at $0.10 on the TSX Venture Exchange.

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